Purchase of industrial property

sanjiv batra (Querist) 17 October 2013 This query is : Resolved
IF A PVT LTD CO. HAVING REGISTERED WITH U.P.VAT DEPARTMENT AND HAVING 2 INDUSTRIAL PROPERTIES, ONLY ONE PROPERTY INDICATED IN HIS SALES TAX U.P.VAT REGN.CERTIFICATE AS BUSINESS PLACE AND NO SUCH INFORMATION OF 2ND PROPERTY IN THE RECORDS OF SALES TAX.NOW, THE SAID PVT LTD.CO. WANTS TO SELL BOTH THE PROPERTIES AND ALSO THERE ARE DUES PENDING IN SALES TAX. PLEASE CLARIFY CAN SALES TAX DEPARTMENT RECOVER THE DUES FROM THE SALE PROCEEDS OF 1ST PROPERTY (WHICH IS INDICATED IN THE RECORDS OF SALES TAX) OR FROM THE 2ND PROPERTY ALSO.

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